Galp Energia SGPS Balance Sheet Health
Financial Health criteria checks 5/6
Galp Energia SGPS has a total shareholder equity of €5.3B and total debt of €3.5B, which brings its debt-to-equity ratio to 65.8%. Its total assets and total liabilities are €16.0B and €10.7B respectively. Galp Energia SGPS's EBIT is €2.7B making its interest coverage ratio 36. It has cash and short-term investments of €2.0B.
Key information
65.8%
Debt to equity ratio
€3.49b
Debt
| Interest coverage ratio | 36x |
| Cash | €2.02b |
| Equity | €5.31b |
| Total liabilities | €10.72b |
| Total assets | €16.03b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GZ5's short term assets (€7.2B) exceed its short term liabilities (€4.4B).
Long Term Liabilities: GZ5's short term assets (€7.2B) exceed its long term liabilities (€6.3B).
Debt to Equity History and Analysis
Debt Level: GZ5's net debt to equity ratio (27.9%) is considered satisfactory.
Reducing Debt: GZ5's debt to equity ratio has increased from 50.9% to 65.8% over the past 5 years.
Debt Coverage: GZ5's debt is well covered by operating cash flow (64.4%).
Interest Coverage: GZ5's interest payments on its debt are well covered by EBIT (36x coverage).